It's not Just Deutschebank - The Whole German Economy Slumped into Recession -- Economic Collapse -- Stock Market Crash Germany's Federal Statistics Office announced recently that Germany's GDP contracted by 0.1% quarter-on-quarter in the April-to-June period.
This has raised concerns that the country may be headed for a recession.
Economists define a recession as two consecutive quarterly contractions.
The German economy is on a knife-edge between a recession and small growth. Like Japan, Germany is famed for making automobiles and making that a large part of their overall economy, so when the demand for cars drops significantly, the whole German economy goes down the drain.
Imagine what driverless and electric cars will do to the German economy. Besides, German cars have now lost their good reputation. They are expensive to fix are over-engineered, and many have plastic parts that break in a few years.
When the U.K. and U.S. tariffs go into effect , Germany's auto industry will be crippled and unable to repair itself.
This following on from the fake emissions and autotests the manufacturers submitted, resulting in jail time for many.
From another side , the demographic crunch is putting significant financial and manpower strains on the German economy.
And every day it gets a little bit worse. Add to this, two million immigrants and counting are using many resources without contributing.
Welcome to The Atlantis Report.
The Euro has fallen to its weakest level in almost seven years as weakening manufacturing puts Europe's largest economy into recession.
On top of this bad news, it appears the European Union is finally moving towards crunch time with the U.K.
Boris Johnson has taken the stand the U.K. will exit the union, deal or no deal. Clearly, low-interest rates and easy money have not cured Europe's problems, and the area continues to face growing anti-EU sentiment.
Early this year or later this year, it will happen.
German businesses are increasingly pessimistic about the economic outlook.
The head of Ifo, Prof Clemens Fuest, forecasted that Germany's GDP would shrink this quarter, having already contracted by 0.1% in the previous three months. That would put the economy into a recession for the first time since 2013.
"Everything we see at the moment means there are ever more indications of recession in Germany, meaning two-quarters of negative growth," he told CNBC.
Germany's industrial sector has been badly hurt by the US-China trade war, with exports falling in the last quarter. Manufacturing output has contracted, as factories have been hit by falling orders.
The slowdown has now spread to Germany's service sector. Companies in the industry have reported a deterioration in business conditions, making them more skeptical about growth prospects.
For the full transcript go to
to subscribe click here :
Thank you to all my loyal fans i love each and everyone one of you Please **like and subscribe**
#BankRuns #EconomicCollapse2020 #economiccollapse #gold #silver #financialtimes #economiccollapse2019 #financialcrisis2019
Economic Collapse 2019 - Stock Market Crash , economic collapse news.
Special thanks to my youtube friends , they inspired me to finally start my own channel :
X22 Report ,Greg Mannarino ,The money GPS, SGTreport ,DAHBOO77,Epic Economist, VisualPolitik,The Caspian Report,The Corbett Report,Greg Hunter
USAWatchdog ,Future Money Trends ,Rick Rule,SilverDoctors,Jim Willie,Bill Holter,Bo Polny,Bix Weir,RoadToRoota,Kyle Bass,Realist News,Rob Kirby,Reluctant Preppers,The Next Newss,Maneco64,Mike Maloney,Gold Silver,Eric Sprott,Jim Rickards,David Morgan,Peter Schiff,Max Keiser,Robert Kiyosaki
.
Follow us on Facebook :
and on twitter :
Support the channel by clicking here before you start shopping on Amazon: (heck, even bookmark it for future use if you're feeling extra generous).
recommended economic and financial books :
Destined for War: Can America and China Escape Thucydides's Trap?
How an Economy Grows and Why It Crashes by Peter Schiff :
Bitcoin: The End Of Money As We Know It
The Death of Money: The Coming Collapse of the International Monetary System
COPYRIGHT DISCLAIMER:
Under section 107 of the Copyright Act of 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research.
This presentation contains images that were used under a Creative Commons License. Click here to see the full list of images and attributions:
0 Comments